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Since the Federal Government began paying $35 an ounce for gold last January, Treasury assay & mint offices at New York, Philadelphia, Denver, San Francisco, New Orleans and Seattle have been doing a bargain-counter business with the general public. People who paid $20.67 an oz. for the gold in their false teeth, loving cups, medals, belt buckles, mesh bags, spoons and watch chains have been cashing in this scrap to make a 75% profit. Last week the Treasury announced that from Jan. 31 to June 22 receipts of scrap gold at the mints and assay offices had exceeded newly mined...

Author: /time Magazine | Title: Business: Gold & Silver | 7/9/1934 | See Source »

...traced Tom Jensen down to Seattle, heard that he had raffled off a nugget bracelet belonging to Sweet Marie on the boat, had cashed the gold dust at the Seattle assay office. His trail led down to San Francisco, across through Texas, faded in New Jersey...

Author: /time Magazine | Title: GRIME: Yukon 1914; Brooklyn 1934 | 6/18/1934 | See Source »

...gold flow put an immense strain on U. S. Assay offices as importers, eager for profit, dumped hoards of foreign gold upon them. Chief receiving office was the chaste granite building which stands on the Manhattan waterfront looking across the East River to Brooklyn. There weighers and assayers fell four and five days behind in their work of testing, weighing, melting gold into ingots 7 in. by 3½ in. by 1⅜-in., each weighing 35 lb., worth $14,700. Because of the delays in the Assay office the newly arrived gold did not appear on Treasury statements until...

Author: /time Magazine | Title: Flow of Gold | 3/5/1934 | See Source »

Superintendent Becker: Well, it happened some time ago. The thief [an assay office employe] was a damn fool. He had hidden the gold under his sweater while at work. At the end of the day he walked out and sold it to a dealer who melted it and then had the nerve to try to sell it back...

Author: /time Magazine | Title: Flow of Gold | 3/5/1934 | See Source »

...January, as well as to first year men. The course is intended to give students an opportunity to study business economics in the light of present national policies, and to evaluate critically the principles of recovery in the light of a changing economic situation. It will attempt to assay the trend of events, and to discuss some of the old economic principals in relation to the new social problems; whether the law of supply and demand is defunct; the extent to which prices increased by edict may result in increased purchasing power and a return to prosperity; and the feasibility...

Author: NO WRITER ATTRIBUTED | Title: SPRAGUE RETURNS TODAY AS BUSINESS SCHOOL PROFESSOR | 12/1/1933 | See Source »

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